High Liner Foods (TSE:HLF) reported stronger first-quarter sales and volume growth for fiscal 2026, but management said profitability was pressured by higher raw material costs, elevated promotions and supply chain constraints in key whitefish species.
On the company’s earnings call, Chief Executive Officer Paul Jewer said demand exceeded expectations during the quarter, supported by an earlier Lent promotional period and product innovation. However, he said that demand created operational pressure and delayed margin improvement initiatives.
